A new report from Circana shows that US spending on video game hardware, content and accessories declined by 6% in May to US$3.97 billion, a difference of nearly US$300 million compared to the same month last year.
All sectors of the industry were affected, with hardware spending dropping 40% to US$202 million. Mat Piscatella, Circana’s video games executive director, notes that all console sales are down 30% so far this year as the platforms reach the tail end of their selling cycles. PlayStation (down 29.3%) and Xbox (down 31%) both reported double-digit decreases globally this year in Q1, with even Nintendo’s Switch console taking a 19.3% dip because many gamers are waiting for the launch of the company’s next console generation in 2025.
kidscreen.com/2024/07/12/report-us-video-game-sales-declined-by-6-in-may/